HSBC Considers Merging Commercial and Investment Banking Divisions Under CEO Georges Elhedery to Cut Costs

Sep 9, 2024, 12:37 PM

HSBC is considering merging its commercial and investment banking divisions in an effort to cut costs and eliminate overlapping roles. This strategic move is being spearheaded by the new CEO, Georges Elhedery. The plan aims to streamline operations and improve efficiency within the organization, Bloomberg reports on Monday.